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class as well. it would probably work. but it is a huge controversy from the taxes. ... thank you for taking my call. independent because most of us americans have caught onto the big blame game. , andeach blame each other basically they are on the same team. they have different ways to go about it. my main problem is the epa. we are giving him close to $8 million, and it'll do nothing for us. they let the fracking industry go unregulated, they let solar management go unregulated. they are spraying our skies, trying to dim the sun to fight global warming. nobody knows about it. 02 global sky watch and you can find out all aut i i o knowre i i want to know where is the epa protecting us from this, his name is david frum nasa and he wants to spray and he has been spraying our sunlight dependent. >> host: zachary goldfarb, i know you don't cover epa specifically but the president, climate change is part of the agenda this year. >> guest: that's right and the president is putting money into funding and he proposes billions of dollars for climate research and for related endeavors. epa
in the targeting of conservative groups seeking tax exempt status. this after the inspector general found 298 applications had been singled out for special review including 100% of groups with tea party or patriot in their name, but only 30% of groups with progress or progressive. now republican congressman darrell issa, chair of the powerful house oversight committee wantslern s lerner to testify again wednesday. chairman issa, welcome back. >> thanks for covering what we believe is going to be a good fact finding hearing. >> well, let's talk about that. because when you recalled lois lerner under subpoena to testify again this coming wednesday, her lawyers said you you can call her, but she won't testify or answer any questions, continue to at that time fifttaat that t. >> her attorney indicates how that she will testify. we've been back and forth negotiation. wi believe the evidence we've gathered causes her in her best interests to testify. >> so lowislerner who took the fifth last may will testify before your committee? >> according to her attorney. >> this will be on wednesday? >> it wi
, totaling almost $4 trillion. it includes new tax hikes to offset additional spending for education and job-training. but republicans say it does nothing to address the nation's fiscal challenges. we'll discuss its approach to helping low income americans, later in the program. israeli prime minister benjamin netanyahu is warning the u.s. and the world against letting iran go ahead with any part of its nuclear program: he spoke in washington, a day after meeting with president obama. >> the leading powers of the world are talking about leaving iran with the capability to enrich uranium. i hope they don't do that because that would be a grave error. it would leave iran as a threshold nuclear power. >> woodruff: netanyahu also said that far from easing sanctions on iran, the world should increase them. he also urged the palestinians to recognize israel as a jewish state, if they really want peace. the process of removing syria's chemical weapons is picking up pace. the dutch diplomat overseeing the operation said today the assad regime has handed over six shipments of toxic agents. she spoke
president obama today said he's going to get rid of the most outrageous tax loophole in america. will he actually do it this year? jeanne moos shows us the latest workout trend. >> nice job, nice job. there's this kid. coach calls her a team player. she's kind of special. she makes the whole team better. he's the kind of player that puts the puck, horsehide, bullet. right where it needs to be. coach calls it logistics. he's a great passer. dependable. a winning team has to have one. somebody you can count on. somebody like my dad. this is my dad. somebody like my mom. my grandfather. i'm very pround of him. her. them. phone: your account is already paid in full. oh, well in that case, back to vacation mode. ♪boots and pants and boots and pants♪ ♪and boots and pants and boots and pants♪ ♪and boots and pants... voice-enabled bill pay. just a tap away on the geico app. ♪ huh, 15 minutes could save you 15% or more on car insurance. yup, everybody knows that. well, did you know that some owls aren't that wise. don't forget about i'm having brunch with meagan tomorrow. who? seriou
's about our values. as a country we've got to make a decision if we're going to protect tax break for the wealthiest americans or or make smart investments to create jobs and expand opportunity for every american. >> among the proposal an end to the carried interest loophole which allows hedge fund managers to be taxed at a very low rate, spending $302 billion to repair the nation's roads and bridges, and closing the $4 billion worth of fossil fuel loopholes every year. the proposal includes an idea with historically bipartisan support. it's little known but highly effective tax rebate for the poor, earned income tax credit. yesterday in a 200-plus page report in the failures on poverty, budget chair paul ryan wrote, research finds that the best anti-poverty programs encourage work, programs like the earned income tax credit increase labor force participation. the president likes the earned income tax credit and paul ryan likes the earned income tax credit. so how did mr. ryan respond to the president's overture one day later? quote, this budget isn't a serious document, he said i
for the tax rates to pay for that. most definitely. caller: our roads are awful. we have a lot of state roads. repair work would really help. where else do you see jobs available besides infrastructure spending? where else do you think the government can help create jobs? caller: i think in the technology,system, private sector. help bringons would about income to a level of being able to take care of your family, cover your living expenses. if that was not for unions, we would not be able to watch you on television right now. so they can rip off citizens and keep low wages and make big profits. thank you. calling in from philadelphia, pennsylvania. fish and sam says the president's budget should be how not to spend others money. also, dean writes in, too bad the gop will kill his budget. are they totally heartless? commentspage, several on that. allen writes in on her thoughts on the president's budget plan. she says stop messing around with other people's lives. we will continue to bring you comments. we want to hear you on the phone. the phone lines are open. ruben in philly on the line fo
: this rallies the base and expands college access and education for young, poor kids and expanding tax cuts for those in poverty and similar measures the democrats ran on and appreciate. it is a policy document used as a tool for 2015-2016 the final years of the obama presidency. we wants to get something done before leaving. he is figure out a policy plan for the final two years. >> host: is it realistic this plan can get through congress? >> guest: no, i don't think anyone expects the entire budget will pass. i don't think that is that has ever happened. but some things might have opportunity for bipartisan compromise. the business tax code reform would generate revenue to build bridges and roads and generate jobs and that is similar to a proposal that dave camp, the chairman of the house released last week. so ideas in the budget could be ground for compromise. >> host: does he indicate where he is going to act alone? >> guest: there is not so much of that. the president has a robust executive action plan he is implementing and he is taking action and has many more this year. the whiteho
: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com >> our mayor is a great guy, he's an excellent mayor. this is eric garcetti meeting some supporters. and there is you. [laughter] >> eric garcetti holding someone's baby, there is rob for the holding someone's baby. neil: not only is the toronto mayor popular there, but here as well. he's popular in toronto. his poll numbers are looking better. maybe because traumas economy is looking better. maybe thanks to the crazy mayor that cut taxes and rules and regulations. they are standing by loyal to achieve. a lesson for our president. it is time for no pain and no gain. got a message that is resonating with our big i? >> it's not resonating. it's one thing to give flowery speeches. at some point you must deliver. let's be honest. even people that are wholeheartedly behind obama -- [laughter] th
direction: up so we're up early. up late. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com afghanistan, in 2009. orbiting the moon in 1971. [ male announcer ] once it's earned, usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protecon. and because usaa'commitment to serve current and former military members andheir families is without equal. begin your legacy. get an auto insurance quote. usaa. we know what it means to serve. >> our mayor is a great guy, he's an excellent mayor. this is eric garcetti meeting some supporters. and there is you. [laughter] >> eric garcetti holding someone's baby, there is rob for the holding someone's baby. neil: not only is the toronto mayor popular there, but here as well. he's popular in toronto. his poll
it is the best poverty fighting idea the government has had in decades. the earned income tax credit. now president obama wants to expand it. in aore, let's bring senior economist for bloomberg government, which analyzes how policy decisions affect business. the earned income tax credit or raising the minimum wage, which works better? going to answer that question specifically. i'm going to tell you why people like the earned income tax credit. they like it because it encourages work. pullingsponsible for six and a half million people out of poverty in 2012, 3.3 million that were children. support ratetisan it has the effect the democrats like any incentives that republicans like. >> you are punting and not answering that. for the sake of argument, run through the things that people like about raising the minimum wage. we have seen that those receiving minimum wage at a higher level feel good about their lives and feel like they don't have to work two jobs anymore, and there are all these psychological benefits that have knock off effects which other economists describe as positive. >> th
on sale on amazon. they will need to pay taxes on the wealth, likely a million. but they don't want to change their lifestyle and will donate to charity and keep a few coins as keepsakes. >> good for them. that is a great story. don't you want to know the background of who actually put those coins in those canisters and hid them? i wonder why. it would be interesting if they go figure it out. >> it is big mystery >> i'm going to go home and dig up the backyard. >> you never know what you wofi will find. >> new action in the irs profiling scandal. who the lawmakers are hearing from now. plus, president obama with his on the economy taking his job push on the road. and we will talk to senator john thune about it all. thune about it all. that allows you to eat all that you can. filled with water. and the best dot com for booking hotels, is hotels.com. it's on the internet, but you probably knew that. or maybe not, i don't really know you. bellman: welcome back, captain obvious. captain obvious: yes i am. all those words are spelled correctly. jenna: well the president heading to minnea
-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com ♪ ♪ ♪ >> we're back with our military panel. i want to get >>> we're back with our military panel. i want to get all of you to weigh in on the fact that right now in the ukraine, it's a very hot spot. i'm not sure what, if anything, the u.s. can do. i'm not sure it can rally nato to take a stand. is it a problem that we don't have the military and even diplomatic clout that we once had? general newton, i'll start with you. >> well, again, as i mentioned, you know, the world is still -- there's an uncertain world in terms of challenges that can face any nation. from the united states air force, in fact, what we have endeavored for decades to be the world's best air force, are, and will continue to be. we control the skies, and that's what you pay the air force to do. but
the clinton administration and congress last raised the gas tax. that was 21 years ago when gasoline was $1.08 and i wonder if barack had even met michelle and there it remained for 21 years. due to inflation and fuel economy increases, the average cost per mile that the american motorist pays to the federal government for transportation has been cut in half. i went on the budget and the ways and means committee the last eight years in order to deal with this issue, but frankly i'm tired of waiting. i introduced a gas tax increase phased in over three years to fully fund a six-year re-authorization. was pleased to be joined by friends during my bill introduction by the u.s. chamber, the afl-cio, truckers and a.a.a., transit, local government, environmentalists, road builders. i find it hard to say people will say this will be a heavy lift because there's little support for it. when chairman camp offered $150 billion last week in his tax reform bill, what president obama suggested $300 billion, where was their broad base of support? maybe that's why both proposals were called dead on arrival
about tax reform. but today, one republican congressman is trying to change that. correspondent doug mckelway is here with specifics. >> good evening, bret. house ways and means committee chairman has been working to simplify our massive tax code. it's so complex, camp believes it hinders growth. >> i don't think we can afford to wait. i can't settle for an economy that grows at 2%. >> camp unveiled his proposal that includes 228 provisions of the existing tax code. it flattens into two brackets of 10% and 25% for all taxable income. it creates a standard deduction of $11,000 for individuals, $22,000 for married couples. and it ups the child tax credit to $1,500. it also repealed the alternative minimum tax and simplifies the tax of investment income. but in a town that lives and breathes through tax loopholes carved out by special interest, his plan is coming under heavy fire. >> it's a nightmare for accountants and attorneys, once they stop objecting to the provisions, they'll a lot less work to do. >> one such organization said, it's quote, disappointing that he chose to single out p
. >> well, except for the $1 trillion in new taxes, and he has not yet postponed the individual mandate. so if you don't have health insurance, you are going to face penalties starting next april that is one of the most unpopular parts. >> right. i forgot. you're right. all this stuff should be frozen. i'm not being partisan. i have no idea who will win the eek electric. all i'm saying is nobody likes this anymore. obama doesn't like this anymore. his advisers don't like it anymore. his supporters don't like it anymore. the next will be state-run single payer and that's got to be stopped. the president has already changed this 20 times, most of them illegally. obama is repealing obama care with his pen illegally. the voter should do this through the representatives in congress to make it legal. what the president is doing is against the rule of law. we've got to do this through the process. you're right. basically what he's doing is putting off the uncomfortable parts of this until he gets out of office to leave the mess for the next person. and leave the overall taxes. you've got to go bac
has sold assets, cut its tax rates, $20 per is aiming for share adjusted earnings up from $11.67 in 2010. saw the bays is the proud new owner of the pink star diamond. caret cut stone. the buyer defaulted. 8.3 alieneen a record dollars -- $8.3 million. there's a storm that will move across the country this week and could dump snow from kansas city to boston. it will make for a messy monday morning commute. storm has a silver lining. it is currently bringing much-needed rain to drought stricken california. isare minutes away from what forecasted to be a notable revision, lower, to fourth-quarter gdp. what will that tell the fed? was with one of the that president this morning. what is his thought on what gdp will look like? >> he mentioned the fact that we have this storm coming because that's a big issue. how much has the weather distorted the economy? we saw it in the fourth quarter a little this. how much can you take away from that? we asked charlie loss or about that. p --losser about that. you are continuing to taper if you don't know if the economy is weak because of th
ew jobs, new opportunities and a new tax free plan. ew jobthere's on one way for your business to go. up. find out if your business can qualify at start-upny.com >> welcome, everyone, i am neil cavuto. forget about punishing vladimir putin. let him punish himself or the latest ukraine leader seems to be his own undoing. let's see if you can climb out of this hole. here's what happened today. russia turned bearish on its health. that ould be like the dw jones crashing 1600 points in a single day. and the russian ruble crash against the dollar today. without the united states or europe or anyone doing anything. maybe let vladimir putin die on his own vine. maybe him fall on his own sword because the world clearly is not buying his bullying for now and here is the kicker. his own russian market..@ may because it has no plans to attack you create military units today. >> this is a very fluid situation and it's very difficult to go after specific things that can be done. you have to be more of a broad situation and you stand back and let it happen and let it develop and see if it im
. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here.xpand here. or start a new business here... and pay no tax for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com coach calls her a team player. she's kind of special. she makes the whole team better. he's the kind of player that puts the puck, horsehide, bullet. right where it needs to be. coach calls it logistics. he's a great passer. dependable. a winning team has to have one. somebody you can count on. somebody like my dad. this is my dad. somebody like my mom. my grandfather. i'm very pround of him. her. them. lou: a powerful winter storm, shutting down washington dc along the eastern seaboard. the snowplows are doing their jobs. nevada had to be a thrill and according to one data company, but daiquiri number almost $6 billion because of the added expense and missed work days. joining us now is the "a-team." fred barnes, both a fox news contributor and lt's
tuesday morning. it increases tax credits for the working poor and expand early childhood education. the president also commented on russia's intervention in ukraine. this is about 15 minutes. 2>> good morning, everybody. i am here at powell elementary school and just had a chance to see some of the outstanding students here. i thought it was an appropriate setting for me to say a few words about the budget i sent to congress this morning because obviously the budget is not just about numbers. it's about our values. and it's about our future. and how well we are laying the groundwork for those young children that i was with a few moments ago to be able to succeed here in america. these kids may not be the most excited people in town on budget day, but it is designed with their generation and future generations in mind. in my state of the union address, i laid out an agenda to restore opportunity for all people, to uphold the principle that no matter who you are, no matter where you started, you can make it if you try, here in america. this opportunity agenda is built on four parts.
: up so we're up early. up late. inking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. eand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your busins to go. up. find out if your business can qualify at start-upny.com >> why target us? why target us? the on going ballistic. ilda gladio announcing cut on three very successful charter schools. that has got our twitter followers talking. i believe that all parents deserve cool toys. paying off campaign contributors at the expense that it's odious. not the teachers unions or the mayor of new york city. liz macdonald is here. it's a hot topic. so what do you make of this? >> i come from a family of teachers. teachers in public schools. my mother and my grandmother. what she is saying is that children are crying, the parents are saying that they would rather homeschool their children now, those who are in charter schools and they are saying that if our kids are going to be taken out of the
is pushing to revamp the tax code. his plan would eliminate dozens of rates. >> i am not going to accept 2% growth as the new normal. i'm not going to accept a minimum wage economy and the fact we are not creating jobs. kids are living at home because they cannot get out on their own. we need to grow this economy and create jobs. one way is through progress tax reform. heat has taken a lot of for this proposal. the banks are fighting against the plan new tax on banks which is intended to offer it -- offset lower rates for individuals. >> i think it affects about six banks. look. they are going from a 35% rate to a 25% rate. in the financial sector, there are not a lot of provisions, loopholes to close because there are not many. they are getting a two minutes tax break. i think it is important there be a trade-off. >> new taxes are going to make it tough for camp to gain support from fellow republicans. the plan is nowhere near firstng law, but is the major reconstruction attempt since 1986. let's move on to the executive branch. president thursday launching a new initiative to provide gre
taxes and rules and regulations. they are standing by loyal to achieve. a lesson for our president. it is time for no pain and no gain. got a message that is resonating with our big i? >> it's not resonating. it's one thing to give flowery speeches. at some point you must deliver. let's be honest. even people that are wholeheartedly behind obama -- [laughter] that is my man, right there. and you know, what i also like? i like that also he the guy that says i make mistakes. an occasional apology goes a long way in. >> you know, this crazy chris farley type, toronto was a great city and are a great deal of businesses to cut taxes, rules and regulations, in large part the investment macker that it has become, there are a lot of other factors as well. not the least of which is the depreciating canadian dollar. but this guy gets a lot of credit for giving people more of their money. >> to your point, it canada has had a resource driven economy. he says i want toronto to be more than that but in the future we can smooth out the ups and downs of the price of lumber goes down for any kind
that because you're proposing cuts in benefits, tax breaks, eliminating, slowing down pay raises for some of those on military duty that you are in fact trying to balance the budget on the backs of these people who fought these wars. >> well, first of all, that's just not true. we're not making any recommendations on any retirement changes we're going to wait until the retirement commission was was impaneled if we need to do anything on retirement. this isn't just an arbitrary, unilateral approach to trying to slow the growth just to slow the growth. we've got to look at the long term commitments to our people. half of our budget today in the pentagon goes to pay compensation retirement and medical care. that will increase significantly. we're not cutting, we're proposing slowing growth in certain areas. tax cuts, we're not cutting anybody taxes. we're asking for specific considerations. in areas where we are slowly, eventually reducing the growth of pay increases. there will still be pay increases. other areas, we think these responsible, we don't think it breaks faith with our people. b
for expansion of tax credits for the middle class and working poor which the white house says is part of his state of the union pledge to boost economic opportunity for all americans. michelle joins us now from the white house. michelle, how do you think this plays out politically considering how gridlocked things are in washington right now? >> reporter: does this have a chance of passing, you're asking? in a word, and you may already know the answer, no. in presenting this budget proposal, president barack obama wants to address the most difficult issues americans face making living and paying for cost of living. working poor, working minimum wage and working full time. they don't have the tax credits workers with children do. obama wants to expand to workers without children, younger workers. this budget contains $60,000 billion worth. obama wants to help obama pay for child care, tax credits for people with young children, pay for education and save for retireme retirement. republicans have problems with it in specifics like closing tax loop hohole loopholes. some say this does nothing t
're up early. up late. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com neil: enter steve blackwood he has seen first hand how ts health care law has become for his mom, who is battling cancer, and lost coverage due to opponent care. as of this morning something mirr act housely changed? >> well, as of this morning, i received a telephone call saying they they were going to cover her for the next year, we have not received tha in writing yet, if i say is drawing a larger problem it takes a op-ed, on a natiol newspaper, phone calls, just to get one drug covered for one year, how do we know that system is going to work well for those who d't get that kind of attention. neil: w many others who didn't have the access you did, and push you did, to get your grief published and seen on tv, how many are f
pay for some of his suggestions it would include a buffett tax, named for warren buffett, to go after high income americans and boost taxes on airline passengers and tobacco products. the president made the pitch for his blueprint at a washington, d.c. elementary school. >> as a country. we've got to make a decision if we're going to protect tax breaks for the wealthiest americans or make smart investments necessary to create jobs and grow our economy and expand opportunity for every american. >> republicans quickly pounced, saying the president's budget would increase spending by $791 billion over ten years. it never balanced and would add $8.3 trillion to our debt in the neck decade, and they said after mr. obama has raised taxes $1.7 trillion, this would be an additional tax increase to largely pay for new spending and not deficit reduction. the top republican on the senate budget committee says he wants to know when the president is going to get serious. >> this budget will not work. it's bad for america. it does not get us off the debt course we're on. it has total flimflam in it
unveiling the 2015 budget and it calls for 59 trillion in spending. it would raise taxes on the wealthy and give tax breaks to poor and middle class americans. it will significantly reduce the size of the military with deep cuts to the defense budget. the proposal pushes health and human services spending over 1 trillion for the first time ever. what does the budget proposal mean for your wallet? we will break it down at 5:40. the first primaries of the 2014 election season are in the books. the elections in the texas area easily solved abbott and davis get their party's nominations. but things weren't quite as simple for the nation's oldest member of congress. 90-year-old republican ralph paul who is seeking his 18th term did not win 50 percent of the primary vote. which forces him nool a may runoff against former u.s. attorney jay ratliff. son of former governor jeb bush won the primary for texas land commissioner. he's expected to win the january election in november. >>> massive crowds celebrating mardi gras in new orleans. this morning the party is dying down because today is ash w
we're up early. up late. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com >> i had been devised by my counsel a constitutional right not to testify. neil: today back in the odyssey. >> hot seat. >> why would you say that he partied cases are dangerous? >> on advice of my counsel i use my fifth amendment right to. >> what about teapartier review? >> respectfully exercise my fifth amendment right. >> there is not one smidgen of corruption? >> respectfully exercise my fifth amendment right. >> i have no expectation she will cooperate with this committee so we stand adjourned >> democrats and to republicans appear her and officials say nothing. one of the republicans that left the room it is like it disintegrated. >> of course we had been negotiating with her attorney to get her to come in. we conti
dave camp, the head of ways and means committee has done this week proposing tax reform to simplify the tax code, reduce rates, reduce the corporate rate from 35 to 25% is really the sort of thing we need to do to energize the participants in the u.s. economy. right now they're sitting on their hands. there is over a trillion, maybe $3 trillion in corporate assets not being deployed. there are $2 trillion in corporate assets parked overseas because they don't want to be taxed. the camp plan would cause most of that to come back to the united states and be deployed here. that is the sort of thing we should be doing. jenna: he announced his plan, if you will in the "wall street journal" yesterday in an article. i believe he will be speaking to neil cavuto later today. it will be interesting to hear from him. what do you think the prospects are? we heard tax reform before. what do you think really are the chances what he does actually turns into some change, real change? >> i think because of president obama's attitude towards taxes, there is very little prospect. you need a president
. got a weak ridge of informants to initiate sing. the financial transactions tax once again which could cost the uk savers three point five billion pounds you have two sets and current on going it's hard to build construction seems to be very different. the uk has many more friends in around the world the nation review focusing the eu till the end gang. the world is danger in any of the law and it still boils down to this one was a little less you're up for the other wants a whole lot more of it. the service of the rt london. my attention and proclaimed by some as the mice to emo company in the wild has once again drawing fun. the study suggests rules. that means he likened the links to any toxic and deadly kidney disease. read more about the dangers links to the gym for its bridge is the law and also now what scientists astronomers discovered seven hundred and fifteen you've done it sounds outside the system was dumping the number one it's time to see the smiles on this story and while it was attainable figured why not. west indies well is now spreading beyond the capital caracas and h
billion spending increase. huge increase in spending. the other side of the coin is tax sayings. we are going to be -- we are bringing 2.7 trillion in taxation last year. it will be 2.3 trillion next year and the president wants another trillion on top of that. the big picture very clear. tax more, spend more, more government. gregg: off camera you were telling me about the earned income tax credit. >> included in this budget there is an expansion of the earned income tax credit. that's a check that goats out in the mail to people who are working that earn very little money. the president proposed to expand that and bring in an extra 13 million people to get that check every year. those 13 million people have no children. at the moment you can't get the earned income tax credit if they have got no children. the president will expand that, people with no children will be brought in. 13 million more people getting that check in the mail, paid for by you the taxpayer. it's a vast expansion of what we call the social security net under this budget. gregg: there are a great many skeptics
progress on some sort of a national property tax. given the property tax, although it seems residential, will that have knock on effects through commercial? >> i think they've been talking about that. every year at this time, people grabbing headlines. what will pay attention to government policy? it's not surprising they've been talking about property tax. that's been anticipated for many years. i think the market has digested that. everybody expects it to be gradual. so it's important to start having property taxes. if you hold property in china, there's no property costs. if your home is sitting there empty, there's no penalty because you don't really feel hurt. that's why the worry is there are so many buildings and not being occupied and not being neutralized. and so having introduced the property tax will deal directly with that. now, continuing to hold the property if there's a tax you need to pay every month? >> highly rated u.s. companies sold more than $19 billion in debt on tuesday, the busiest day of the year. they looked to take advantage of recent rallies in u.s. treasurie
. >> lawmakers want to know how some of the wealthy americans can hide billions from the tax man. >> i'm john henry smith, a son knocks off his dad's old team. >> we'll share messages from our imprisoned colleagues. before we go to break, we want to share a letter peter wrote from prison. >> we have been doing what every journalist would, recording and trying to make sense of the events with fairness and balance. when the egyptian government declared the muslim brotherhood to be a terrorist organisation, it knocked the wind out of them. talking to them became on act of treason, however >> a live look at the statue of liberty in new york. the new york harbour, a clear but chilly quay. >> the top stories - the army disqualified 588 soldiers from positions of trust. after a major probe into sexual all the. investigate juniors sifted through records of 20,000 military members. it's unclear if the soldiers were kicked out of the military or assigned to new positions. >> members of an armed pro-rush amilitia has taken over some buildings in crimea. they are flying an american flag. it comes as ukra
* america, immaterial alshon siegenthaler and we have a lot to cover this half hour, including tax numbers make it official. legalized marijuana is a big money maker for colorado. a big problem for bit coin, one of the virtual currency's largest exchange practically disappears. and 50 years ago the fight that shocked the world. cascassius clay versus sunny his tonight anhistonight and the che after. a warn to go after began stan, the president today order u.s. military toy begin planning to take all of its troops out of afghanistan by the end of the year. it's the latest to the response by hamid ca karzai to sign an agreement. officials say so the boko haram group was behind an attack on a school that left at least 59 people dead. police say the boys and girls ages 11 and 18 were separated by attackers. the girls were told to go home. the boys butchered, boko haram has been declared a terrorist organization by both nigeria and the united states. ukraine's parliament has delayed until thursday the formation of a new government that was supposed to happen today until there is a new governmen
made accusation without -- that anonymous person, credible source mitt romney didn't pay taxes. that was terrible. he said that president obama was likeable and had no negro dialect. he had to apologize for that politicians are big boys and big girls. this statement he made went to the american people who are scared and hurt. how does stay majority leader? >> well, i think he did say they are not all true. right? that's what he said. he wasn't saying that none of them are true. he is saying they aren't all true. >> he said you have heard the horror stories and they're all untrue. >> that's not what i heard. i heard him say they are not all true. i may be wrong. >> you know, if i'm wrong. he has some wiggle room still bad. >> i think -- i don't think he he is not going to it lose his majority leadership over this. >> how does he stay. >> nancy pelosi said something very similar. it's problematic and a lot of democrats have come out and claimed people are not suffering. it's exaggerated. i don't know why they are saying that. of course people are suffering. there is no question.
game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com predibut, manufacturings a prettin the united states do. means advanced technology. we learned that technology allows us to be craft oriented. no one's losing their job. there's no beer robot that has suddenly chased them out. the technology is actually creating new jobs. siemens designed and built the right tools and resources to get the job done. and a hotel is the perfect place to talk to you about hotels. all-you-can-eat is a hotel policy that allows you to eat all that you can. the hotel gym is short for gymnasium. the hotel pool is usually filled with water. and the best dot com for booking hotels, is hotels.com. it's on the internet, but you probably knew that. or maybe not, i don't really know you. bellman: welcome back, captain obvious. captain obvious
: up so we're up early. up late. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com [ mawhile a body in motionat resnds to stay in motion.t... staying active can ease arthritis symptoms. but if you have arthritis, this can be difficult. prescription celebrex can help relieve arthritis pain and improve daily physical function so moving is easier. because just one 200mg cebrex a day can provide 24 hour relief for many with arthritis pain. and it's not a narcotic. you and your doctor should balance the benefits with the risks. all prescription nsaids, like celebrex, ibuprofen, naproxen and meloxicam have the same cardiovascular warning. they all may increase the chance of heart attack or stroke, which can lead to death. this chance increases if you have heart disease or risk factors such as high blood
and, he wants to pay for half of it with a one-time stream of corporate tax reform revenue, you know, because that's going to pass, and he also wants to announce $600 million in grants from the department of transportation. now to get your hands on that cash proposals need to be transformative, increase access to jobs, there's that focus on jobs, jobs, jobs again and save energy and fuel. meanwhile, back in washington, house democrats are preparing to dust off one of the oldest tricks in the books, the discharge petition to try to force a vote on raising the minimum wage. here to help break down all of this complicated wonderful strategery, imy wail yajimmy wi. how you doing? it's been too long. >> right. >> i love all of this that you can do in the parliamentary process. explain what a discharge position is and is it a good idea? >> it basically says to the minority. hi, here's the deal, if you're in the minority, the democrats, you need to get a certain number of republicans so that we can get to 218, that's the half, that's the number. you have to get half the number of the house
that is favored by republicans. president obama wants to expand the earned income tax credit for another 13 million americans. that program gives tax breaks to the working poor. the president would pay its $60 billion costs by closing loopholes for wealthier taxpayers, $300 billion for highways bridges and transit. the budget is nearly $4 trillion. that's slightly higher than the current budget. >>> the president is trying to put the middle east peace process back on track this morning, meeting with prime minister benjamin netanyahu monday. they discussed syria, iran and stalled negotiations with the palestinians. pressing netanyahu to meet a compromise. netanyahu says israel is doing its part. >> the best way is to do this is be strong. that's what the people of israel expect of me to stand strong against russia, to stand strong. >>> this morning the fight against cell phone theft is gaining some momentum. new york congressman's bill comes after a similar push in the senate. elaine quijano looks at the controversy that's also getting support from the police commiss
. the highlight is a massive expansion of the earned income tax credit. the 13.5 million more workers would be eligible for $60 billion in credits. also included is billions for roads and rails. it's spending, the white house says, will bolster the economy. but republicans say the president's budget is dead on arrival, complaining that it runs up the long-term national debt. >>> attorney general greg abbott easily won the primary for governor, the first gop nominee in more than a decade. is he pushing for more freedom and less government. >> we must never forget that the rights that we have, they don't come from government. instead those rights come from god. >> meanwhile, democrats are pinning their hopes on state senator weekendy davis, callingr opponent a defender of the status quo. >> i am ready to fight for you and to fight for every hardworking texan across this state. >> another member of the bush family begins his political career with a win. george p. bush, the son of former florida governor jeb bush is running for texas land commissioner. but in a stunner at least two prominent re
expansion of earned income tax credit. 13.5 million workers would be eligible for $60 billion in credit. also included, billions for roads and rails, spending the white house says will bolster the economy. republicans say the president's budget is dead on arrival. they complain it runs up the nation's credit card without addressing long term debt. the 2014 primary season kicking off in texas with drama. attorney general greg abbott easily winning the republican primary a. he's the new gop nominee in more than one decade. he wants more freedom and less government. >> we must never forget that the rights that we have, they don't come from government. instead those rights come from god. >> democrats pinning their hopes on state senator wendy davis. she called her opponent defender of status quo. >> i'm ready to fight for you and to fight for every hardworking texan a across the state. >> another member of the bush family begins his political career with a win. george p bush, former son of jeb bush. one lieutenant governor dewhurst and the oldest serving member of the house is fighting for
business groups say japan should cut corporate taxes. that's if the country wants to attract more investments from abroad. the japanese government launched a panel earlier this month to study the possibility of cutting the corporate tax rate. the panel invited officials from the american chamber of commerce and the european business council to its first meeting. by 2020 japan is aiming to boost investments from abroad to more than $340 billion as part of its economic growth plan. that's double the figure in 2012. >> translator: we would like to receive your views on how to make japan attractive for more foreign investors including improving the rules. >> at the meeting participants said that japan's corporate tax rate is too high. it's currently about 35%. they also said they want to see clearer rules on laying off employees and a more flexible system for part-timers. >>> central bankers in brazil have raised the country's benchmark interest rate gn, but they're slowing the pace of monetary tightening. members of the bank's monetary policy committee decided to raise the key lanedi
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